Question

Explain the salient features of information economy

13 Jul 2023
Answer :
Word Count : 633

The concept of an information economy refers to an economic system in which the production, distribution, and consumption of goods and services are heavily reliant on the generation, processing, and dissemination of information. In an information economy, information becomes a valuable resource and a key driver of economic growth and development. Here are some salient features of the information economy:

1. Knowledge and Information as Primary Resources: In an information economy, knowledge and information become primary resources alongside traditional resources like land, labor, and capital. Information is generated, collected, processed, and disseminated to create value and drive economic activities. Companies and individuals invest in acquiring __________ ___ _____ __________ _______ _____.
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